Jefferies Maintains Hold on Newmont, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Chris LaFemina maintains a 'Hold' rating on Newmont (NYSE:NEM) and lowers the price target from $44 to $38.
October 04, 2023 | 7:26 pm
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Jefferies has maintained a 'Hold' rating on Newmont and lowered the price target from $44 to $38.
The lowering of the price target by Jefferies indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Newmont's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100